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Touring Capital is a venture capital firm founded in 2023 and based in San Francisco, California. The firm focuses on early-stage investments in software companies, particularly those leveraging artificial intelligence. Touring Capital closed its first fund, Fund I, at $330 million in September 2025, which was oversubscribed, indicating strong investor interest in its strategy.
The firm was established by a team of experienced partners who previously worked at prominent firms such as SoftBank Vision Fund II, M12 (Microsoft's VC arm), and Qualcomm Ventures. This collective experience equips Touring Capital with a deep understanding of the technology landscape and the challenges faced by early-stage startups.
Touring Capital's portfolio currently includes 12 companies, showcasing its commitment to supporting visionary entrepreneurs who are innovating in the AI and software sectors. The firm aims to provide not only capital but also strategic guidance and operational support to help its portfolio companies achieve their growth objectives.
Touring Capital invests in early-stage companies that are approaching product-market fit, specifically in the sectors of artificial intelligence and software. The firm targets investments at the pre-seed, seed, seed-plus, and Series A stages, focusing on B2B SaaS and AI-powered software solutions. Their investment thesis emphasizes backing entrepreneurs who are addressing significant market needs with innovative solutions that enhance enterprise productivity.
Touring Capital looks for companies that demonstrate clear customer pain, measurable ROI, and a credible path to scale. The firm employs an anti-hype, results-oriented underwriting approach, ensuring that investments are made in companies with strong product-market fit and scalable business models. Geographic focus is primarily on North America, aligning with the firm's expertise and network.
Touring Capital's portfolio includes notable companies such as:
Among these, SafeBase stands out as a notable exit, having been acquired by Drata after Touring Capital led a $33 million Series B round.
Nagraj Kashyap - General Partner. Former head of Qualcomm Ventures and Microsoft M12, Nagraj has a deep background in enterprise software and semiconductors.
Priya Saiprasad - General Partner. Previously with SoftBank Vision Fund II and M12, Priya focuses on enterprise AI investments.
Samir Kumar - General Partner. Samir has a strong background in B2B SaaS, having previously worked at M12.
Carol Yi - Business Manager. Carol supports the operational aspects of the firm.
Evan Wijaya - Principal. Evan plays a key role in sourcing and evaluating investment opportunities.
Max Zhang - Associate. Max assists in research and due diligence for potential investments.
Stephanie Mabunga - CFO. Stephanie manages the financial operations of the firm.
Ray Cao - Venture Partner. Ray brings additional expertise and connections to the firm.
Abhishek Kumar - Venture Partner. Abhishek contributes to investment strategy and portfolio management.
Lee Feldman - Venture Partner. Lee provides insights into market trends and investment opportunities.
Dr. Rajarshi Gupta - Advisor. Dr. Gupta offers technical expertise in AI and software.
Sydney Meheula - Advisor. Sydney provides strategic guidance and industry insights.
To pitch Touring Capital, founders should visit their website and submit their pitch deck through the designated channel. It is important to include a concise overview of the business, market opportunity, and financial projections. Touring Capital prefers decks that clearly outline the problem being solved and the solution offered.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In September 2025, Touring Capital closed its first fund, Fund I, at $330 million, which was oversubscribed, reflecting strong demand for their investment strategy.
As of April 2026, Touring Capital has made 12 investments globally, with a focus on early-stage companies in the AI and software sectors.
Among its notable exits, SafeBase was acquired by Drata after Touring Capital led a $33 million Series B round in February 2025.
What are Touring Capital's investment criteria?
Touring Capital focuses on early-stage B2B SaaS and AI-powered software companies. They look for clear customer pain points, measurable ROI, and a credible path to scale. The firm emphasizes strong product-market fit and scalable business models.
How can I pitch to Touring Capital?
Founders can pitch their startups through Touring Capital's website. It is advisable to include a clear description of the product, market opportunity, and business model in the pitch deck.
What makes Touring Capital different from other VC firms?
Touring Capital's partners have a proven track record of successful exits and deep industry knowledge, particularly in AI and software. Their extensive network and operational support provide significant value to portfolio companies.
What is the geographic focus of Touring Capital?
The firm primarily invests in North America, aligning with its expertise and the location of many promising startups in the AI and software sectors.
What is the typical check size for investments?
While specific check sizes are not disclosed, Touring Capital invests at the pre-seed, seed, seed-plus, and Series A stages, indicating a range that typically aligns with early-stage funding rounds.
What kind of support do portfolio companies receive?
Touring Capital provides strategic guidance, operational support, and access to a robust network of industry connections to help portfolio companies achieve their growth objectives.
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